CBB participates in Digital Financial Inclusion Summit

Manama, Head of Fintech and Innovation Unit at the Central Bank of Bahrain (CBB), Yasmeen Al Sharaf, has participated as a speaker at the Digital Financial Inclusion Summit organized by the Institute of International Finance (IIF) in Cairo.

The summit brought together global and regional financial sector leaders, decision makers, experts and entrepreneurs to discuss digital financial inclusion, and the role of financial services in meeting the requirements of the digital economy, cloud computing and blockchain.

During a panel session entitled “Transforming through public and private cooperation”, she highlighted the fact that Bahrain has a track record as a business-friendly environment and home to the Gulf’s largest financial services sector.

Al Sharaf also highlighted the CBB’s Regulatory Sandbox as a catalyst for innovation, as startups and financial institutions come together to test out their innovative financial solutions. She emphasized that despite the advancement of electronic payment systems and the CBB’s initiatives in encouraging the use of cashless methods, the CBB will continue its efforts in integrating the latest technologies and solutions to enhance financial inclusion in line with the digital economy requirements. (I.Y.)

Source: Bahrain News Agency